Small Business


The Office of Advocacy of the U.S. Small Business Administration (SBA) recently published a State Guide to Regulatory Flexibility for Small Businesses to help states implement regulatory flexibility programs for small businesses. SBA studies have shown that small businesses account for 93% of businesses in every state; yet businesses with fewer than 20 employees spend approximately 45% more per employee than businesses with 500 or more employees to comply with federal regulations and mandates (see “Taking Care of Small Business,” JofA , March 06, page 39).

The Office of Advocacy proposed model legislation in 2002 to help provide alternative solutions to this burden. Thirty-seven state legislatures have since considered and 19 implemented such legislation.

The full report is available at www.sba.gov/advo/laws/rfa_stateguide07.pdf .

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Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.